A record 156,000 requests from taxpayers has been received in July 2014 by Equitalia, Italy’s tax collection agency to pay their tax debts by installments. There are now said to be 2.4m such agreements in operation with a total value of EUR26.6bn (USD35.5bn). Last month, after the window to request agreements was reopened by Equitalia, it became even more apparent “that installments are the most utilized means for taxpayers to pay their assessments,” during a period in which the Italian economic recovery from recession remains fragile and uncertain.
Almost 77 percent of Equitalia’s installment agreements are with individuals, with the remainder being utilized by businesses or covering transactions subject to value added tax.
It was also confirmed by the Equitalia that it will continue next year with its program to simplify tax compliance. It will attach, to its 2015 tax demands, the possible debt repayment schedules that could be available to each taxpayer.
